Monday, December 19, 2016

FARM COMMODITY SETTLEMENTS DECEMBER 19/2016 MONDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOVEMENT, MOMENTUM (RANGE), RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/FLAT, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW RANGE, FUTURES PREMIUM MAR17/JUL18
TRADING: UP, TESTED CHANNEL LOW, CONSTANT MOMENTUM, ONSIDE 351
TARGETS: UP, 325-360-377-395, COMMITMENTS: INVESTOR ACCUMULATION BOTH SIDES

SOYS/SF17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/FLAT VOLUME/MEDIATE
TREND CHANNEL:  UP/MEDIATE, MONTHLY, WIDE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: DOWN, UPSIDE CHANNEL LOW, GAINED MOMENTUM, TESTED 1022/SUPPORT
TARGETS: DOWN, 1065-1022-1005-990, COMMITMENTS: INVESTOR NET LIQUIDATION LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/FLAT, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, WIDE RANGE, FUTURES PREMIUM  MAR17/MAY19
TRADING: DOWN, LOWER HALF OF CHANNEL, MAINTAINED MOMENTUM, TESTING 409/SUPPORT  
TARGETS: UP, 409-425-437-446, COMMITMENTS: HEDGER NET SHORT SELLING,

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  OPEN INTEREST/DOWN, VOLUME MIXED
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/SEP 21 
TRADING: DOWN, UPSIDE MID CHANNEL, LOSING MOMENTUM, TESTED 7464/SUPPORT,
TARGETS: UP, 7360-7464-7502-7602-7724, COMMITMENTS: INVESTOR NET SHORT SELLING  

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  FUTURES PREMIUM JAN17/FEB18, 
TREND CHANNEL: UP, MONTHLY, WIDE, TRADING: FLAT BELOW CHANNEL TOP, ABOVE 164
TARGETS: UP, 144-151-164-177, COMMITMENTS: HEDGER NET SHORT SELLING


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